Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

May 25, 2010 09:00 ET

Tirex Discovers New Mineralized Zone at Mirdita

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2010) - Tirex Resources Ltd. (TSX VENTURE:TXX)

  • drill hole intersected thick zone of highly silicified breccias with disseminated sphalerite
  • assays pending
  • drilling has begun on second high priority exploration target

Tirex is pleased to announce that the first hole (M10-58) on the Lisi Pass East target has been completed at the Mirdita VMS project in Albania. The hole intersected 21m of highly silicified breccias with disseminated sphalerite (zinc) which is associated with elevated gold values elsewhere in the district. Samples have been sent for assay. With a revised drilling strategy, the hole successfully penetrated a thick melange unit (313m) that has prevented most previous drilling from testing the favourable volcanic sequence below. A follow up hole will be targeted based on these results in conjunction with recently revised geological modelling of the VMS mineralization on the property.

As Tirex waits for assay results from Hole M10-58, the drill has moved 1.7km north along the trend to test targets developed in the South Bari Pass area. South Bari Pass is a new area of significant interest to Tirex located beyond previous drilling. It was identified as highly prospective through extensive Tirex field work. In 2008 and 2009 geological mapping and geochemical rock sampling in the area revealed an abundance of altered and chemically distinctive felsic volcanic rocks and iron formation that are commonly associated with sulphide mineralization in other VMS mining districts. Significant exploration related features include the recognition of multiple felsic volcanic centres, an abundance of felsic volcanic rocks with the same chemical affinity as those associated with the high grade-deposits in the Letitna to Koshaj corridor to the south and the overprinting of felsic volcanic centres and flanking volcanic rocks by moderate to intense hydrothermal alteration. This felsic-dominated terrain is up to 500 meters thick and has a north-south strike length of approximately 2 kilometres. These lithological features and the temporal relationships between volcanism and alteration that have been identified in the South Bari Pass area are similar to other VMS districts that host major precious metal bearing copper-zinc deposits.

Bryan Slusarchuk, Tirex CEO, states, "This discovery hole opens up a new area of the District and is indicative of what the use of modern exploration equipment and techniques can do in this historically prolific region. While we eagerly await assays from Hole M10-58, we begin to drill test another high priority exploration area of the property. Additional to the current exploration focus on site, Tirex is also working with a Canadian based engineering firm to move towards NI 43-101 compliant mineral resource calculations for Letitna, Koshaj, and South Gurthi which are three of the more advanced deposits within Tirex's large land package."

The ongoing 2010 drill program at Mirdita will be funded, in part, through the company's facility (described in Tirex News Release dated October 9th, 2008) with the European Bank for Reconstruction and Development.

John Nicholson, P.Geo., Mirdita Project Manager and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.

Further details on the company and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.

ON BEHALF OF TIREX RESOURCES LTD.

"Bryan J.R. Slusarchuk"

CEO and Director

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release."

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